Treasury denies asking Carney to stay on as BoE Governor

The Treasury denied a newspaper report on Tuesday that the government had asked Bank of England Governor Mark Carney to stay on for an extra year beyond his scheduled departure in June 2019.

“We don’t recognise their reporting at all,” a Treasury spokeswoman said when asked about the article in the Evening Standard newspaper.

A diary item in the newspaper said the ministry had “quietly approached” Carney about staying another year to provide continuity as Britain leaves the European Union.

Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.